ratings

(NASDAQ:CNXC) Concentrix Rises to Global Leader and Star Performer in Everest Group’s Customer Experience Management (CXM) Services PEAK Matrix® Assessment 2025

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Forestry Mutual Insurance Company (FMIC) (Raleigh, NC). The Credit Ratings (ratings) reflect FMIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Th

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best-rated insurers across Latin America experienced more Long-Term Issuer Credit Rating (Long-Term ICR) upgrades than downgrades in 2024, with the majority of those upgrades occurring in the region’s more mature markets, according to a newly published report. This new analysis reflects AM Best’s extensive geographic reach and covers a wide array of (re)insurance groups operating across Latin America. These AM Best-rated entities include a variety of company t

PALO ALTO, Calif.--(BUSINESS WIRE)--NEXT Insurance announced it has earned an A+ Superior rating and an AA Superior long-term rating from AM Best.

(NYSE:MS) NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 8 classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2025-NQM7 (MSRM 2025-NQM7). MSRM 2025-NQM7 is an RMBS transaction sponsored by Morgan Stanley Mortgage Capital Holdings LLC as seller/sponsor and includes a meaningful concentration of collateral that KBRA considers to be “non-prime.” The $417.8 million RMBS transaction is collateralized by a pool of 844 residential mortgages, with fixed-ra

(NASDAQ:QCRH) NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB- with a Stable Outlook to the subordinated notes issued by QCR Holdings, Inc. (NASDAQ: QCRH) (“the company”). The notes consist of two subordinated debt offerings: Subordinated Notes, Due September 15, 2035 ($50 million) and Subordinated Notes, Due September 15, 2037 ($20 million). The $50 million note is callable on the fifth anniversary date of issuance and the $20 million note is callable on the seventh anniversary. The proceeds will be

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA announces the assignment of preliminary ratings to three classes of BFLD 2025-5MW, a CMBS single-borrower securitization. The collateral for the transaction is a $985.0 million portion of a $1.25 billion interest only mortgage loan. The fixed rate loan has a five-year term and requires monthly interest-only payments based on an assumed interest rate of 6.35%. The loan is secured by the borrower’s fee simple interest in 5 Manhattan West, a 16-story, Class-A office

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to the Series 2025-3 Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2025-3 Notes) from Zayo Issuer, LLC (the Issuer), a communications infrastructure securitization. Zayo 2025-3 represents Zayo Issuer, LLC’s (the Issuer) third securitization following the Series 2025-1 Notes and Series 2025-2 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and seri

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 12 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2025-HYB1 (SEMT 2025-HYB1), a prime RMBS transaction comprising 299 seasoned hybrid adjustable-rate mortgages (ARMs) with an aggregate principal balance of $347.4 million. The top originators of this transaction are Rocket Mortgage, LLC (19.6%), Cornerstone Capital Bank (12.5%) and Guaranteed Rate (10.8%) KBRA’s rating approach incorporated loan-level analy

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from OBX 2025-NQM16 Trust, a $708.5 million non-prime RMBS transaction. The underlying collateral, comprising 1,262 residential mortgages, is characterized by fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 91.1% and 8.9% of the pool, respectively. A majority of the loans are either classified as non-qualified mortgages (Non-QM; 52.8%) or exempt (37.0%) from the A

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of CL Life and Annuity Insurance Company (CL Life) (Fort Worth, Texas). CL Life’s Credit Ratings (ratings) have been placed under review with developing implications following the Sept. 4, 2025, announcement that Rithm Capital Corp. (Rithm), a global alternative asset manager, has entered into a definitiv

(NASDAQ:PLMR) OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of Palomar Holdings, Inc. (Palomar) (Delaware) [NASDAQ: PLMR], the ultimate parent and insurance holding company of Palomar Specialty Insurance Company (PSIC) (Portland, OR), Palomar Excess and Surplus Insurance Company (PESIC) (Phoenix, AZ) and Palomar Specialty Reinsurance Company Bermuda Ltd. (Palomar Re) (Bermuda). Concurrently, AM Best has affirmed the Financial Strength

(NYSE:BP) LONDON--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of “a” (Excellent) of Jupiter Insurance Limited (Jupiter) (Guernsey), a captive insurer of BP p.l.c. (bp) [NYSE: BP], an integrated global energy company. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Jupiter’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business prof

Hospital joins the top performers nationwide in quality ratings as part of Larkin Health System's mission to raise standards of care across South Florida. HIALEAH, Fla., Sept. 11, 2025 /PRNewswire/ -- Larkin Community Hospital Palm Springs Campus announced it has earned an overall 4-Star...

(NYSE:ELV) OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to Elevance Health Inc.’s (Elevance Health) (headquartered in Indianapolis, IN) newly issued senior unsecured notes of $750 million, 4.0% senior unsecured notes, due 2028; $750 million, 4.6% senior unsecured notes, due 2032; $1 billion, 5.0% senior unsecured notes, due 2036; and $500 million, 5.7% senior unsecured notes, due 2055. The outlook assigned to this Credit Rating is stable. The procee

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AAA to The County of Cook, Illinois Sales Tax Revenue Bonds, Series 2025. KBRA additionally affirms the long-term rating of AAA for the County's outstanding Sales Tax Revenue Bonds. The rating Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives Pledged revenues, consisting of home rule sales taxes, provide robust debt service coverage. Strong bondholder pro

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Liberty Mutual Holding Company Inc. (LMHC) (Boston, MA). Concurrently, AM Best has affirmed the Long-Term ICRs of “bbb” (Good) of LMHC and its wholly owned subsidiary, Liberty Mutual Group Inc. (LMGI) (Boston, MA), as well as the Long-Term Issue Credit Ratings (Long-Term IR) of LMHC. The members of

(NASDAQ:OBT) NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Middletown, New York-based Orange County Bancorp, Inc. (NASDAQ: OBT) ("Orange" or "the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its main subsidiary, Orange Bank & Trust Company ("the bank"). The Outlook for all

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, Thames Insurance Company, Inc. and Danbury Insurance Company, which operate under an intercompany pooling agreement and are collectively referred to as NLC Insurance

(NASDAQ:SBRA) TUSTIN, Calif.--(BUSINESS WIRE)---- $SBRA #InvGrade--Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) announced today that Moody’s Ratings (“Moody’s”) upgraded Sabra’s senior unsecured notes rating to “Baa3” from “Ba1”, reflecting Sabra’s continued strong operating performance and prudent financial management. In conjunction with this upgrade, Moody’s has also assigned a “Baa3” issuer rating to Sabra, with a Stable outlook. Moody’s cited several key factors supporting the rating upgrade, including: sound oper